Banking Business: Complexity Cubed

By

Dan Fitzpatrick And

Michael R. Crittenden

April 10, 2013 8:46 p.m. ET

Regulators want big U.S. banks to simplify, but the process is proving to be complicated.

Wells Fargo & Co. Chief Executive John Stumpf has described the bank's business model as "meat and potatoes." But the fourth-largest U.S. lender has 3,675 subsidiaries, up 8.6% from five years ago, according to an analysis provided to The Wall...